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New York, NY -- (SBWIRE) -- 03/14/2013 -- StockRunway.com issues special report on the Worst-Performing Biotech Stocks – Spectrum Pharmaceuticals, Inc (NASDAQ:SPPI), Geron Corporation (NASDAQ:GERN), Newmont Mining Corp (NYSE:NEM)
Spectrum Pharmaceuticals, Inc (NASDAQ:SPPI) shares went -37.33% down and closed at $7.79 in the last trading session as the company predict a sharp decline in annual sales as hospitals increasingly opt for a generic colon cancer treatment over its biggest-selling drug, Fusilev.
In the last month, Spectrum had predicted sales to rise this year but on Tuesday, it said that total revenue is expected to fall in a range of $160 million-$180 million in 2013. Back in 2012, Fusilev generated revenue of $204.3 million, representing nearly 80 percent of the company's product sales. Spectrum now predicts Fusilev sales to range between $80 million and $90 million in 2013.
Has SPPI Found The Bottom and Ready To Move Up? Find Out Here
Its overall traded volume was 22.56 million shares. The stock’s opening price was $7.81, hitting the day high price of $8.26 and day low of $7.72. SPPI has earnings per share of $1.46 and its price to earnings ratio was 5.34. The company has 24.03% returns on assets, 40.02% returns on equity and its return on investments is 32.59%.
Geron Corporation (NASDAQ:GERN) dropped -9.15% to close at $1.29 and its total volume in the last trading session was 2.53 million shares after Brian Klein of Stifel Nicolaus downgraded the stock from Hold to Sell.
The company recently posted a loss of $0.12 per share for the fourth quarter, surpassing the consensus estimate of ($0.14) by $0.02. The company reported sales of $0.69 million for the quarter, higher from the consensus estimate of $0.51 million.
Has GERN Found The Bottom And Ready To Gain Momentum? Find Out Here
In last 52 weeks, high hit was $2.99 and low price in that period was $1.24. The company has outstanding shares of 130.76million with the total market cap of $168.67million and its beta value stands at 1.02 times. It has current ratio of 9.15.
Newmont Mining Corp (NYSE:NEM) fell -0.97% and closed at $44.75 with the total traded volume of 5.17 million shares after Jefferies Group reaffirmed its hold rating on the stock. Its opening price was $45.02 and its shares traded within the range of $42.95-$64.43.
Why Should Investors Buy NEM After the Recent Fall? Just Go Here and Find Out
This company has earnings per share of $0.40 with the net profit margin of 6.58% and operating margin of 13.10%. The company now has market cap of about $22.22 billion.
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